Catherine Rampell at WaPo, who is no friend of the right: It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is, a bunch of communist, economic gibberish

  

 It’s hard to exaggerate how bad this policy is.

It is, in all but name, a sweeping set of government-enforced price controls across every industry, not only food.

Supply and demand would no longer determine prices or profit levels.

Far-off Washington bureaucrats would.

The FTC would be able to tell, say, a Kroger in Ohio the acceptable price it can charge for milk.

At best, this would lead to shortages, black markets and hoarding, among other distortions seen previous times countries tried to limit price growth by fiat. (There’s a reason narrower “price gouging” laws that exist in some U.S. states are rarely invoked.)

At worst, it might accidentally raise prices. ...

If your opponent claims you’re a “communist,” maybe don’t start with an economic agenda that can (accurately) be labeled as federal price controls. We already have plenty of economic gibberish . . ..     

-- WaPo 

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/     

 

Harris is 0-2. 

She picked a terrible VP who is as far to the left as she is.

Now her first policy announcement is a throwback to the 5-year plans of the USSR.

Extremely inauspicious.

US Chamber of Commerce intends to sue Democrat-controlled FTC for passing rule 3-2 banning noncompete agreements

Congress has not given the agency explicit authority to ban noncompetes. ... The U.S. Chamber of Commerce, the largest pro-business lobbying group in the country, has said it will sue to block the rule. ... While the dissenting commissioners said they did not support noncompete agreements carte blanche, they did not believe the agency had the authority to issue the rule without an express directive from Congress.

More.

It's a BFD, as Joe would say.

Millions of American workers are not completely free to work where they may because of noncompete, nondisclosure, and confidentiality agreements they must sign as a condition of employment or as a condition of severance on termination of employment.

The FTC vote covers only the noncompete issue and represents an end run around Congress which has failed to pass appropriate legislation.

Conservatives don't realize how much Ted Cruz owes to George W. Bush because talk radio never mentions it

How is it that Rush Limbaugh's closest thing to Reagan is a Bushie, hm?

Reported here:

The Bush-Cruz connection is clear. Ted was George W.’s brain when he ran for president. A top policy adviser, Ted maneuvered for Solicitor General in Bush World but settled for a plum at the Federal Trade Commission. Ted’s a Bush man with deep ties to the political and financial establishment.  Ted and wife Heidi brag about being the first “Bush marriage” – they met as Bush staffers. Cruz was an adviser on legal affairs while Heidi was an adviser on economic policy and eventually director for the Western Hemisphere on the National Security Council under Condoleezza Rice. Condi helped give us the phony war in Iraq. Heidi then went to the Bush U.S. Trade Representative as a top deputy to U.S. Trade Rep. Robert Zoellick, who wired Heidi’s membership in the Council on Foreign Relations and job at Goldman Sachs. The bailed-out bank then loaned Cruz $1 million secretly to finance his Senate race. Cruz would also borrow an undisclosed $1 million loan from Citicorp.